Regional MSME Investment Fund for Sub-Saharan Africa "REGMIFA"

In 2023, REGMIFA completed its second year of collecting Principal Adverse Impact (PAI) data from investees. Gathering this data in emerging markets, particularly from non-listed partner lending institutions, continues to present challenges, including the difficulty some investees face in reporting PAI indicators and the need to rely on proxy data for some of them. We believe in the power of transparency and accountability in #impactinvesting and advocate for a more inclusive and comparable framework for emerging markets, especially for the Global South, to ensure funding reaches those who need it most. For REGMIFA, the detailed data was collected by Symbiotics and prepared for presentation by Tameo. Explore the 2023 Principal Adverse Impact Statement, as defined by the Sustainable Finance Disclosure Framework. 👉 https://lnkd.in/eZfXqwG3

We are thrilled to announce that REGMIFA will be featured in #GIIN Art Gallery Style Session, highlighting innovative #blendedfinance solutions that are advancing #impactinvesting. This event will spotlight case studies from across the industry, offering a behind-the-scenes look at how financial innovation is driving the integral growth of impact investing. As part of the session, you will get to know more about REGMIFA: a fund that supports #MSMEs and low- to middle-income households across 24 Sub-Saharan African countries, including 14 Least Developed Countries. 📅 Date/Time: Thursday, 24 October | 16:00 - 17:30 CET 📍 Location Upper Lounge | RAI Amsterdam More information on the 2024 Impact Forum by GIIN here 👉 https://lnkd.in/euTChqtx The Global Impact Investing Network

Fostering SME growth in Ivory Coast: Souleymane Sangaré, from Danané - Ivory Coast, founded CEFIND to distribute spare parts for transformation factories. The company achieved remarkable growth despite strong competition, and stands out for its commitment to staff welfare. With funding support from COFINA, a REGMIFA investee, CEFIND was able to overcome liquidity shortages. This helped boost the company’s credibility and customer confidence, enabling further expansion. For more details, read the full 2023 Fund Overview and Impact Report of REGMIFA here 👉 https://lnkd.in/eWtMCXEE   #blendedfinance #impactinvesting #investinginAfrica

Supporting entrepreneurs through #microfinance: Meet Abdulkareem Tajudeen Akapo, a 48-year-old entrepreneur from Abeokuta, Nigeria, who has transformed a local shortage of electrical goods through establishing a thriving business called Tamfas Royal Concept. With the help of pivotal funding from Baobab Nigeria, a REGMIFA investee, he secured crucial loans, enabling business growth and community empowerment. For more details, read the full 2023 Fund Overview and Impact Report of REGMIFA here 👉 https://lnkd.in/eWtMCXEE #blendedfinance #impactinvesting #investinginAfrica

We announce the release of the 2023 Fund Overview and Impact Report of REGMIFA! This comprehensive report not only highlights the financial performance of the Fund, but also delves into the significant impact achieved throughout the year. REGMIFA continues to uphold its commitment as an Article 9 Fund under SFDR, with sustainable investment objectives aligned with the UN's #SDGs 1, 5, and 8. By December 2023, 69% of our portfolio's PLIs had undergone ESG assessments, with 94% showing minimal exposure to high-risk activities. The report summarizes the achievements of REGMIFA and is a testament to the role that #blendedfinance can play in the investment space. Read the report here 👉 https://lnkd.in/eWtMCXEE

We are proud to announce that our long-standing partner, FMO - Dutch entrepreneurial development bank has formalized its commitment of USD 10 million investment into B-shares, affirming its commitment to supporting REGMIFA’s mission since 2010. This significant capital injection will enhance REGMIFA’s efforts to bolster micro, small, and medium-sized enterprises (#MSMEs) and low- to middle-income households across Sub-Saharan Africa. By collaborating with diverse financial institutions, including microfinance entities, innovative #fintech startups, and SME-focused banks, we aim to support financial inclusion and advance critical sectors such as education, agriculture, and clean energy. Together, we are fostering innovation, resilience, and positive impact on local businesses throughout the region, and we thank FMO for this enduring partnership. Read more here 👉 https://lnkd.in/eiNv72nc #blendedfinance #FMO #SubSaharanAfrica #financialinclusion

We recently had a productive board meeting hosted at the Citibank office in Luxembourg, with the participation of the chair Laure Wessemius-Chibrac and members Giuseppe Ballocchi, Claudia Huber, Edwige Takassi and Michael Brill. REGMIFA continues to stand out as a unique blended finance product involving a partnership between DFIs, private investors and African stakeholders. Together we are committed to the mission of impact investing in Sub-Saharan Africa and fostering economic development, creating employment opportunities and alleviating poverty in the region. #blendedfinance #impactinvesting #investinginAfrica

We are excited to announce that OeEB Oesterreichische Entwicklungsbank AG - The Development Bank of Austria has committed to investing USD 10 million in B-shares of REGMIFA. This investment enables us to expand our portfolio in Sub-Saharan African countries, providing essential financing to micro, small, and medium-sized enterprises (MSMEs), as well as low- and middle-income households through selected financial institutions. The fund will be reaching out to a wide range of sectors including education, agriculture, #CleanEnergy, #Microfinance, and #SMEBanking. A heartfelt thank you to OeEB for their continued support. Together, we are advancing #Financialinclusion and promoting sustainable development in Sub-Saharan Africa. Read more here 👉 https://lnkd.in/ecK6irGt

REGMIFA is thrilled to announce our recent investment in Socremo MicroBanco, S.A, a champion for micro and small entrepreneurs in Mozambique. With a robust history of 25 years, Socremo is a leader in microenterprise lending, enhancing credit access for underserved communities. Serving over 9,000 borrowers, half of whom in rural areas, Socremo is committed to fostering sustainable economic growth and tackling poverty in Mozambique, one of the world's least developed countries. We are proud to support initiatives that drive real change. Join us in celebrating this milestone as we continue to empower entrepreneurs and stimulate economic development across the region. #impactinvesting

We are pleased to announce that Fodé K Bangoura joined REGMIFA’s Investment Committee. With over 15 years of expertise, including a decade in impact investing, extensive work in Sub-Saharan Africa and fragile states, and clean energy projects, he represents a valuable addition to the Investment Committee. His experience enhances the team's collective knowledge and skills.